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STOCKS NEWS EUROPE-Stocks fall early, led lower by oils

Fri Jul 10, 2009 3:31am EDT

Stocks

   

European shares fall in early trade, with oil producers leading the losers following negative statement from Chevron (CVX.N), the second-largest U.S. oil company, renewing concerns about corporate earnings.

The FTSEurofirst 300 .FTEU3 index of top European shares is down 0.4 percent at 820.19 points, retreating for the sixth time in seven sessions.

Oil and gas stocks are among the biggest losers, with the DJ STOXX European Oil & Gas Index .SXEP down 0.6 percent. Royal Dutch Shell (RDSa.AS), BP (BP.L) and BG Group (BG.L) are down 0.5-0.9 percent.

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Reuters Messaging rm://christoph.steitz.reuters.com@reuters.net


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